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Business Savings
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Business Savings |
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Available for all types of businesses.
Earns market rate of interest. Interest accrued daily and credited monthly
when monthly average collected balance remains at $100 or up. Minimum
opening deposit $50. Federal regulations limit the number of
pre-authorized transfers, including ACH, to 6 per month. Unlimited
withdrawals in person or by mail. Savings overdrawn charge is $30.00. |
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Business Premium Passbook |
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Available for all types of businesses. Requires a minimum opening deposit
of $15,000 to obtain the APY posted at the time of opening. If monthly
average collected balance falls below $15,000, account will earn regular
savings passbook interest rate. |
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Monthly
Average Collected Balance |
Interest
Rate |
Monthly Service Charge |
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$15,000 and up |
Market |
None |
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$100-14,999 |
Passbook
Rate |
None |
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$0-$100 |
* |
None |
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Business Certificates of Deposit |
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Available for all businesses.
Competitive rates & terms. Minimum deposit $1,000. Auto Renew. Interest
begins to accrue on business day you deposit non-cash items & credited to
your account according to certificate terms. Early withdrawal penalties
apply. |
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